Tiger mints another unicorn
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Tiger Global cannot stop minting
unicorns in India. But no one’s complaining, definitely not the six billion-dollar entities the New York-based investment firm has created just this year.
Also in this letter:
Chargebee joins 2021 unicorn parade
Billing startup Chargebee Inc. has raised $125 million in funding and boosted its valuation to $1.4 billion, making it the latest entrant in India’s unicorn club.
The funds will help the firm scale globally as customers hasten their shift to subscription-based services, Chargebee said in a statement today. Who are the backers? Insight Venture Partners, Sapphire Ventures, and Tiger Global, which has developed a knack for spotting soonicorns. It has already minted five unicorns in India this year: Sharechat, Innovaccer, Infra.Market, Gupshup and Groww.
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SINGAPORE, Jan. 27, 2021 /PRNewswire/ Group-IB, a global threat hunting and adversary-centric cyber intelligence company, was granted Innovation Excellence award for its
Digital Risk Protection (DRP), an Al-driven platform for identifying and mitigating digital risks and counteracting brand impersonation attacks with the company s patented technologies at its core. Innovation Excellence award honors companies that become leaders in Frost Radars. According to Group-IB, the share of online fraud in the total number of online crimes has exceeded
50%, while social networks have established themselves as the main shelter for brand infringements.
The key parameters independently analyzed by Frost & Sullivan in its Frost Radar: European Digital Risk Protection (DRP) Market, 2020 among others included innovation stability, R&D, mega trends leverage, growth pipeline, vision and strategy, revenue growth, and market share growth. The report hig
An e-commerce “scam-as-a-service” operation tried-and-tested in Russia has expanded to multiple European countries in 2020, making cybercrime groups over $6.5m in the process, Group-IB has warned.
The Singapore-based cybersecurity company claimed in a new report that “Classiscam” first appeared in Russia in the summer of 2019, but soon migrated west and hit a peak of activity over 2020 as remote workers surged online to shop.
There are now at least 40 active groups using the scam packages to con internet users out of their hard-earned cash.
“In the summer of 2020 we took down 280 scam pages as part of the Classiscam scheme, and by December that number grew 10-fold and reached up to 3000 pages,” said Yaroslav Kargalev, deputy head of CERT-GIB.
Fake landing page used by Russian-language cybercriminals to collect victims personal and financial data (Source: Group-IB)
A Russian-speaking scam-as-a-service operation dubbed Classiscam is expanding globally, with 40 interconnected gangs in about a dozen countries using fake product advertisements to launch phishing schemes, the security firm Group-IB reports.
The fraudsters are posting fake online classified advertisements for products to dupe interested buyers into visiting phishing pages, where their personal and payment data is harvested, according to Group-IB.
Although the operation started in Russia two years ago, by early 2020, it had expanded to include 40 subgroups that have focused on targets in the U.S. and Europe, the new research report says.
Classiscam.
According to the report, the Classiscam scheme began in early 2019 and initially only targeted buyers active on Russian online marketplaces and classified ads portals.
The group expanded to other countries only last year after they began recruiting scammers who could target and have conversations with foreign-language customers. Currently, Classiscam is active in more than a dozen countries and on foreign marketplace and courier services such as Leboncoin, Allegro, OLX, FAN Courier, Sbazar, DHL, and others.
How Classiscam operates
But despite the wide targeting, Classiscam s modus operandi follows a similar pattern adapted for each site and revolvs around publishing ads for non-existing products on online marketplaces.